Wednesday, December 26, 2007

Gold and Gold and Silver stocks higher

So you think inflation is being controlled by the Fed?
See this link

http://www.kitco.com/ind/dorsch/dec202007.html




The low pole reversal (see XAU chart) is seen when a chart falls below a previous low by at least 3 boxes but then reverses to rise by at least 50 percent of the fall. The reversal implies that the supply that was making the prices fall has been absorbed and demand is taking over. The pattern is an alert that higher prices could be seen in the future.











Today was my 43rd anniversary. Margaret, my beautiful, gracious wife has been accepted to the WilberForce Centurion Program. She is a retired EdD history teacher at UA Fort Smith.

I continue to practice ENT surgery full time. We saw our Texas family members at Thanksgiving. We were able to see them on a web cam Christmas morning opening presents. In the afternoon two of our very best friends Dr. Rex and Judy Russell dropped by and we sang Christmas carols. Rex is recovering from a severe coma--a recovery I would describe as nearly miraculous. He is the author of the best selling book What The Bible says about health living. http://www.amazon.com/gp/product/0830742867/ref=sip_pdp_dp_0

Many years ago Rex was a co-author of a medical paper we published--Gelfoam Embolization for Intractable Epistaxis--the first such report in the medical literature. I continue to review medical papers as an editor for the American Journal of Otolaryngology.
My wife's sister from Phoenix is visiting this week.

Some days you just get lucky. One of my stocks CSUN which was bought yesterday gained 39% today. China Sunergy Co. surged in New York after China said it would pursue alternative energy sources and oil prices rallied.
China, the world's fastest-growing major economy, said it would give ``top priority'' to developing renewable energy, including hydroelectric, nuclear, solar and wind power, the International Herald Tribune reported, citing a government report.

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